swift gpi for corporates€¦ · swift gpi for corporates - october 2018 . 1 . faster payments ....

SWIFT gpi for corporates Cross-border payments, transformed

Oct, 2018

Spotlight on cross-border payment challenges

Tracking “I’m not able to tell when the money hits the beneficiary’s bank account”

Brooke Tilton Vice President, Treasury Operations Viacom

Transparency “Many times we don’t have visibility on the fees lifted along the way”

Peter Claus-Landi Director banking initiatives General Electric

Speed “Critical business requires faster payment execution”

Martin Schlageter Head of Treasury Operations Roche

Michel Verholen Director, Global Treasury Center Zoetis

Remittance information “We miss information regarding the invoice and the payer for timely reconciliation”

SWIFT gpi for corporates - October 2018 2

Time for SWIFT gpi

SWIFT gpi for corporates - October 2018

Accessible by any corporate

Accessible by any bank

Reaching any bank

SWIFTgpi

Core transaction

banks SLA rulebook

1 Faster payments Same day use of funds*

Traceable End-to-end payment tracking & payment confirmation 2

3 Transparent fees Deducts and FX

4 Full remittance data Unaltered reconciliation info

3


1 Faster payments Same day use of funds*

Traceable End-to-end payment tracking & payment confirmation

2

3 Transparent fees Deducts and FX 4 Full remittance data

Unaltered reconciliation info

Your company

Beneficiary

gpi

Intermediary bank

Beneficiary’s bank

Your bank

*Within the time zone of the receiving gpi member

SWIFTgpi Rulebook $

Invoice

a1700db1-90b2-4948-83d8-6309c5c34a3d

SWIFT gpi: secure, faster, traceable & transparent cross-border payments

4


SWIFT gpi is dramatically speeding up cross-border payments!

+90% < 1 day end-end

5

Value for corporates

Reduced settlement time Leverage investment opportunities Higher visibility for capital and credit management Reduced FX risk

Treasury & Cash Management

Enhanced predictability and traceability Greater planning and decision making Improved reconciliation and forecast reporting

Budgeting, planning and forecasting

Better cash flow management Speed and visibility on critical payments Certainty for buyers and sellers Transparency on bank fees Reduced exception handling & investigations

Accounting & core functions


Getting started with SWIFT gpi

gpi Payments Same day payments Unaltered remittance information Visibility on bank fees (on request) End-to-end traceability (on request)

Payments tracker in bank portals Visibility through unique transaction reference (UETR) Real -time transaction status updates Detailed bank fees & FX rates Beneficiary payment confirmation

Corporate

Advanced

Standard

Multi-bank / multi-channel Payments Tracking Corporate generates unique transaction reference (UETR) gpi Standards for FIN & ISO Harmonised tracking details across banks

Live

Live

Testing

67 banks

+ 14 banks

12 banks 11 corporates

1

2

3


Gpi for corporates (g4C) pilot


Banks and corporates are integrating gpi

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gpi connector

Front-end applications

Back-end applications

55 banks with gpi APIs live or in implementation

14+ portals live

SME

MNC MT 101/ pain.001

MT 199 /pain.002

APIs

e-Banking portal

Automated channels 12 banks & 11 corporates in pilot

H2H

ERP / TMS

Web portal

8


gpi payments tracker

MT 103 + UETR & STI:001

MT 103 + UETR & STI:001

TMS/ERP

Ordering corp Beneficiary Instructing gpi Agent

2

MT 101 + UETR, pain.001 + UETR(s)

1 4

MT 199 + UETR & STI:003 / pain.002 + UETR(s) *

g4C confirmations Delivered to beneficiary bank as non-

gpi

Delivered to beneficiary bank as gpi

Beneficiary has been credited

Transaction was rejected

Payment has left gpi

Corporate generates and includes UETR in the payment instruction (MT 101 – unitary payment / pain.001 – unitary and bulk payments)

Bank creates MT103 including UETR generated by the corporate

Tracker delivers B2C specific confirmations to Instructing bank

Instructing bank relays back to ordering corporate (MT 199* / pain.002) as-it-happens

2

1

3

End-to-end C2B/B2C gpi flows & g4C confirmations Recap

*Banks can send pain.002 instead of MT 199 (single transaction confirmation as-it-happens) in mutual agreement with their corporate pairs. SWIFT will not support testing or perform format validation in pain.002 in the scope of Early Adopters Phase

3

4

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Pilot participants

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g4C – a common canvas for multi-banked corporates


Standards FIN & ISO

Corporate-specific payment statuses

Common approach for payment reporting (transparency)

Delivered to beneficiary bank

Confirmation of credit to beneficiary

Rejections

Out of gpi

Date & time 26 April 2018 – 18:00 CET

gpi status Credited

Status originator Save with us Bank (SBWUDE33)

Instructed Amount and currency 125.000 USD

Confirmed Amount and currency 101.020 EUR

Routing

FX information Save with us Bank USD to EUR exchange rate: 1.22

Deducts information Cash bank: - 20 EUR

Charge code SHA

Default

Bank optional

Banca M

exicana de C

redito

Cash bank

Save w

ith us bank

MT 101, MT 199 (gpi) pain.001, pain.002

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Early adopters

SWIFT gpi for corporates (g4C) Tentative

Group 2

+20 10: Gpi banks 10: Corporates

H2H corporates

UETR optional in

Score


Pilot group

L2BA*

Bellin SAP Opus Capita AccessPay Kyriba Gtreasury

Corp

Corp

Corp

Corp

Corp

Corp

Corp

FIS Calypso Datalog IT2 Broadridge ABK SAP

Pilot vendors gpi Banks

+160

SWIFT corporates

+1900

g4C service

General availability Q1 – Q2 (TBC)

Early Adopters Oct 2018 – Mar 2019

Pilot group Feb – Oct 2018

12 *list of Lite2 partners (not confirmed participants)

Early adopters timeline

Nov Dec Jan Feb Mar Apr May

Phase 1 Early adopters onboarding

Phase 2 Implementation and testing

Phase 3 Production flows


Kick-off (date & location TBD)

Sibos

g4C CUG (Test & training)

Test catalogue (gCAT)

Readiness declaration

g4C CUG (Production)

Conclusions Live preparation

Live (general availability) Controlled live (production) Community testing (Bank/Corporate)

Bilateral testing with SWIFT

Pre-bilateral readiness

Readiness assessment, project definition Business pairing

UETR optional in MT 101

Tentative dates

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Unparalleled growth in adoption, traffic and corridors

Delivering real value

Over 50% of SWIFT gpi payments are credited to end beneficiaries within 30 minutes

More than 100 billion USD are being sent daily via gpi Banks are saving costs thanks to quicker investigations handling and

a significantly reduced number of payment enquiries Positive reactions from corporates

Very large community 270+

banks committed to implement, 49 top 50 banks signed

200+ countries covered

80+% SWIFT cross-border payments

represented

Millions live payments 80+ Mio

payments sent as gpi since go live - 500K payments/day

77 banks live 35 top 50 banks

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600+ country corridors

30+% cross-border MT103 sent as gpi


77 banks are live, with more than 180 banks in the implementation phase 77 gpi banks live

ICBC

ING

Intesa Sanpaolo

JPMorgan Chase

KBC Bank

National Australia Bank

Nordea Bank

Rabobank

Royal Bank of Canada

Standard Chartered

UniCredit

ABN AMRO Bank

ANZ

BBVA Bank of America Merrill Lynch

Bank of China Bank of New York Mellon Citi

Commonwealth Bank of Australia

Danske Bank

DBS Bank

Deutsche Bank

Mashreq Bank

Sumitomo Mitsui Banking Corporation

ABSA Bank

China Minsheng Bank

Crédit Mutuel-CIC Société Générale

Natixis

BNP Paribas

Nedbank

Wells Fargo

Standard Bank

Bank of Communications Raiffeisen Bank International

Alfa-Bank

Siam Commercial Bank

China Guangfa Bank

China Construction Bank

CTBC Bank

E.SUN Commercial Bank

OCBC Banco Santander

Bank of Jiangsu

Westpac


Commercial Bank of Kuwait

FirstRand

National Bank of Kuwait

Commerzbank

Shanghai Pudong Development Bank

HSBC

China CITIC Bank Bank al Ethiad

Turkiye Garanti Bankasi

China Zheshang Bank

National Commercial Bank

Bangkok Bank

Vietcombank KB Kookmin Bank

ICICI Bank

Ping An Bank

SEB

Bank of Hangzhou

Barclays

Associated Foreign Exchange

Ebury

Shinan Bank

MUFG Bank

State Savings Bank of Ukraine

Al Baraka Bank

DNB Bank

China Merchants Bank Canadian Imperial Bank of Commerce

Scotiabank Shanghai Rural Commercial Bank Bank of Nanjing

BIDV

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270+ global transaction banks signed up

AME-UK

16 SWIFT gpi for corporates - October 2018

EMEA Asociación Popular de Ahorros y Préstamos Associated Foreign Exchange BAC International Bank Banco BISA Banco Bradesco Banco Davivienda Banco de Chile Banco de Credito del Peru Banco del Estado de Chile Banco del Pacífico Banco de Reservas de la República Dominicana Banco Galicia Banco Económico Banco Inbursa Banco Industrial Banco Monex Bank of America Merrill Lynch Bank of Montreal Bank of New York Mellon Barclays Banorte Banrural Cambridge Mercantile Corp. Canadian Imperial Bank of Commerce Citi Clear Bank

ABN AMRO Bank ABSA Bank Access Bank Afriland First Bank Akbank Al Baraka Bank Alawwal Bank Alfa-Bank Ameriabank Arab National Bank BBVA Banco BIC Portugues Banco de Crédito Cooperativo Banco Privado Atlantico-Europa Banco Sabadell Banco Santander Bank al Etihad Bank Audi Bank Hapoalim Banka Per Biznes Bankinter Bank of Beirut & the Arab Countries Bank of Cyprus Bank of Georgia Bank Pekao Bank Uralsib Banque BEMO Banque Centrale Populaire Banque du Liban Banque Libano-Française BayernLB Bidvest Bank Blom Bank BNP Paribas Bosna Bank International

Budapest Bank Byblos Bank CaixaBank Central Africa Building Society Central Cooperative Bank Citco Bank Commercial Bank of Kuwait Commerzbank CRDB Bank Crédit Agricole Crédit Libanais Crédit Mutuel-CIC Credit Suisse DenizBank Deutsche Bank Diamond Trust Bank Ecobank Emirates NBD Erste Group Bank Eurobank Ergasias Fidelity Bank FirstRand Fransabank Gazprombank GCB Bank Guaranty Trust Bank iBanFirst ICCREA Banca ING Intesa Sanpaolo Kapital Bank KBC Bank KCB Bank Khan Bank Landesbank Hessen-Thüringen Mashreq Bank National Bank of Kuwait

* Live banks in bold

National Commercial Bank National Microfinance Bank Natixis Nedbank NIC Bank Nova Ljubljanska Banka Onpex Bank Piraeus Bank PKO Bank Polski Privat Bank Qatar National Bank Rabobank Raiffeisen Bank International Rawbank Riyad Bank RosEvroBank Saradar Bank Sberbank Sierra Leone Commercial Bank Skye Bank Société Générale Standard Bank State Savings Bank of Ukraine Sterling Bank Tadhamon International Islamic Bank TEB The International Bank of Azerbaijan Türkiye Garanti Bankasi Türkiye Halk Bankasi Türkiye İş Bankasi UBS UniCredit Union National Bank Yapi Kredi Bankasi Zenith Bank Ziraat Bankasi

Crown Agents Danske Bank DNB Bank Ebury Global Reach Partners GPS Capital Markets HiFX HSBC IFX NTL FCStone J.P. Morgan Lek Securities Corp. Lloyds Bank MMG Bank Corporation Nordea Bank Royal Bank of Canada Scotiabank SEB Svenska Handelsbanken Toronto–Dominion Bank United Nations Vitesse PSP Limited Wells Fargo World First

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270+ global transaction banks signed up


APAC Agricultural Bank of China AB Bank ANZ Axis Bank Bangkok Bank BIDV Bank Islam Malaysia Berhad Bank Negara Indonesia Bank of Beijing Bank of Changsha Bank of Ceylon Bank of China Bank of Communications Bank of Dongguan Bank of Fuxin Bank of Ganzhou Bank of Guangzhou Bank of Guiyang Bank of Hangzhou Bank of India Bank of Inner Mongolia Bank of Jiangsu Bank of Jining Bank of Jinzhou Bank of Langfang Bank of Nanjing Bank of Ningbo Bank of Quanzhou Bank of Rizhao Bank of Shanghai Bank of Taizhou Bank of Tianjin Bank of Xi’an Bank of Zhengzhou Bank Rakyat Indonesia Bank Rakyat Malaysia

Bank Sinarmas China Bohai Bank China CITIC Bank China Construction Bank China Development Bank China Guangfa Bank China Merchants Bank China Minsheng Bank China Zheshang Bank Chong Hing Bank Chongqing Rural Commercial Bank CIMB Bank Berhad City Union Bank Commonwealth Bank of Australia CTBC Bank Dah Sing Bank DBS Bank Dezhou Bank Dongguan Rural Commercial Bank Dongying Bank E.SUN Commercial Bank Foshan Rural Commercial Bank Fudian Bank Guangdong Huaxing Bank Guangdong Nanyue Bank Hankou Bank Harbin Bank HDFC Bank Hong Leong Bank Berhad Huarong Xiangjiang Bank Huishang Bank Corporation Hunan Liuyang Rural Commercial Bank ICICI Bank ICBC Industrial Bank Industrial Bank of Korea

200+ countries 80+% SWIFT cross-border payments 80+ Mio gpi payments since go live 500K+ gpi payments/day 600+ country corridors

Jiangmen Xinhui Rural Commercial Bank Kasikorn KEB Hana Bank KB Kookmin Bank Maybank MB Bank Mizuho Bank MUFG Bank National Australia Bank OCBC Ping An Bank Postal Savings of China Punjab National Bank Shanghai Pudong Development Bank Shanghai Rural Commercial Bank Shengjing Bank Shinhan Bank Siam Commercial Bank Standard Chartered Bank Sumitomo Mitsui Banking Corporation Taian Bank The Bank of East Asia TMB Bank United Overseas Bank Vietcombank Vietinbank Weifang Rural Commercial Bank Weihai City Commercial Bank Westpac Woori Bank Yantai Bank Yes Bank Yinzhou Bank Zhejiang Rural Credit Cooperative Union Zhuhai Rural Commercial Bank Zhejiang Tailong Commercial Bank Zhongshan Rural Commercial Bank Zhongyuan Bank Zhuhai Rural Commercial Bank

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How to get started with SWIFT gpi?

1

Contact your bank and ask about SWIFT gpi*

2

Include gpi (payments and tracker) in your RFP

3

Identify your key corridors and needs

*If your bank is not gpi yet, contact us at [email protected]

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www.swift.com


Questions? Contact: [email protected]

Download

SWIFTgpi App on your iPad

19

mailto:[email protected]

https://itunes.apple.com/us/app/swiftgpi/id1152292395?mt=8




swift gpi for corporates€¦ · swift gpi for corporates - october 2018 . 1 . faster payments ....

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